Manager List    »   Clarke Capital Mgt, Inc.   »   

Recent Statistics
  • Apr Return: -2.82%
  • YTD Return: -18.04%
  • Annual CROR:1 9.26 %
  • Worst DD:2 -60.98%
  • Losing Streak:3 -47.82 %
  • Sharpe Ratio:4 0.41
  • Min Investment: $1,000,000
  • AUM:5 $6,800,000
  • Calmar Ratio:6 -0.16
The Millennium program currently trades approximately 46 domestic and international commodity interests. 16 of these are either long or short interest rate contracts reflecting interest rates in Europe, the US, Canada, Japan and Australia. The balance of the commodity interests followed are currencies, grains, softs, metals, meats and fuels both foreign and domestic. The number of models used in this program is 25. Unlike many of the other programs of CCM, the Millennium Program uses several very long term models among the 25 in its portfolio. These very long term models generally produce larger profits per trade, but lower profits per day than shorter models. When used in a portfolio with shorter time frame models, as is the case here, the can produce smoother overall equity curves even though these models generally give much more room to a position before exiting. It should be noted that there will be times when there is significant correlation between markets within a market sector or between market sectors, possibly in an adverse direction to positions held in accounts. Clients of the Millennium program should be aware that this factor alone, although there are others, will lead to periods of extreme volatility and possibly very large drawdowns in equity.

Chad Butler is President of Clarke Capital. He has extensive experience in multiple areas of the futures industry that include sales and marketing, application and trading model development, and trading operation management. From May 1999 to March 2003, Mr. Butler was registered as an AP with Peregrine Financial Group, Inc. ("PFGBest"), a registered FCM. During this time, Mr. Butler had several different responsibilities including retail broker, equity raiser for managed futures, and Internet marketing. He also was a member of the firm's IT committee. From March 2003 to September 2003, Mr. Butler was registered as an AP of Man Financial Inc. (now MF Global Inc.), a registered FCM, where he managed a group of brokers. From September 2003 to December 2004, Mr. Butler was employed as General Manager of and was NFA registered with KwikTrading LLC ("KwikTrading"), a registered IB. His responsibilities included managing sales, marketing, and daily operations. His AP registration with KwikTrading was withdrawn in January 2005. From January 2005 to September 2007, Mr. Butler was employed by R.J.O'Brien Associates LLC ("RJ O'Brien"), a registered FCM, as Sales and Marketing Manager of RJOFutures. From January 2005 through August 2010, he was registered as an AP of RJ O'Brien. From September 2007 to April 2010, he was employed by County Cork, LLC, a registered CTA. During this time, he was responsible for trading operations and model development, and preparing the launch of the O'Brien Agricultural Fund, a privately offered commodity pool. Mr. Butler was listed as a Principal of TradeVantage LLC, a registered CTA, from August 2009 through March 2010. He has been employed at CCM since April, 2010 and was registered as an AP and was approved as a Principal of Clark Capital on September 17, 2010.

John O'Brien Jr. is the Chief Executive Officer of Clarke Capital Management, Inc. Mr. O'Brien graduated from DePaul University in March, 2008 with a bachelor's degree in economics. Mr. O'Brien was employed as a floor broker and trader with R.J. O'Brien & Associates from June, 2003 to March, 2008. Mr. O'Brien was an Investment Analyst at O'Brien International, LLC (the parent company of Clarke Capital Management, Inc.), monitoring global macro-economic themes, performing due diligence on hedge funds and CTAs and investing the firm's capital from March, 2008 until May, 2012. In May, 2012, Mr. O'Brien joined Clarke Capital Management, Inc. as Chief Executive Officer. Mr. O'Brien also serves as managing partner in Wag Holdings, LLC, a real estate investment group. On June 25, 2012, Mr. O'Brien was approved as a trading principal of Clarke Capital Management, Inc.

Michael Clarke is the Chairman of the Board of Clarke Capital Management, Inc. Mr. Clarke's employment history is the following: The period 2/83 through 2/85 was spent as an independent contractor trading equities and options for Rice, Naegele & Associates of Chicago, a firm involved in private speculation. From 2/85 through 3/89, Mr. Clarke as an independent contractor traded equities and options in a firm account of Shatkin Investment Corp., then a clearing member of the Chicago Board Options Exchange. From 3/89 to 11/89, Mr. Clarke as an independent contractor traded equities and options in a firm account of French-American Securities, a private investment company based in Chicago. From 11/89 to December 9, 1993, Mr. Clarke was self-employed; developing methods to trade futures and other commodity interests and trading various personal accounts. From January, 2010 to May, 2012, Mr. Clarke served as the Chief Executive Officer of Clarke Capital Management, Inc. As of October 25, 1993, Mr. Clarke has been employed as an Associated Person and principal of Clarke Capital Management, Inc., a registered Commodity Trading Advisor. As of April 8th, 2011, Mr. Clarke has been employed as a branch office manager of Clarke Capital Management, Inc.

David G. Wesolowicz is currently Director of Trading Operations and previously served as Chief Financial Officer and Chief Compliance Officer for Clarke Capital Management since August, 2004. He graduated cum laude from Michigan State University in August, 1976 with a bachelor's degree in Accounting and became a Certified Public Accountant in November, 1976. He was employed as a CPA from September, 1976 to April, 1981 for Coopers & Lybrand (n/k/a PriceWaterhouseCoopers) and Beatrice Foods. From April, 1981 to January, 1990, he traded both options and futures for his own account as a member of the Chicago Board Options Exchange and the Chicago Board of Trade and was a member of several exchange committees. From January, 1990 to May, 1990, Mr. Wesolowicz was involved in self-directed research of financial markets. From May, 1990 to August, 2004, Mr. Wesolowicz was president of Essex Trading Group, Ltd. and its affiliate, Essex Trading Company, Ltd., a leader in the research and development of trading systems and techniques. Essex Trading Group, Ltd. was registered as an Introducing Broker and both Essex Trading Group, Ltd. and Essex Trading Company, Ltd. were registered as Commodity Trading Advisors with the NFA. On September 3, 2004, Mr. Wesolowicz was registered as an Associated Person and on January 24, 2007, Mr. Wesolowicz was registered as a principal of Clarke Capital Management, Inc.

Andrew F. Owens is the Information Technology Director for Clarke Capital Management. He graduated summa cum laude from Grove City College in May 1988 with a Bachelor of Science degree in Mathematics and Computer Science. From September 1988 to February 1990, Mr. Owens was a staff consultant for Andersen Consulting (n/k/a Accenture), an information systems consulting firm. From March 1990 to June 1991, Mr. Owens worked for Dominion Financial Group, Ltd., a commodity trading and research firm, as a systems programmer. He was employed by Roadway Package System (n/k/a FedEx Ground) as an applications developer from June 1991 to February 1992. From February 1992 to November 1994, Mr. Owens was the Manager of Information Systems at A.O. Management, a registered CTA, where he developed order generation, trade management, and research software. From November 1994 to August 1995, he was the Systems Manager for Federated Investors, specializing in the mutual fund firm's 401(k) record-keeping and reporting software. From August 1995 to November 1996, Mr. Owens was Vice President at Grant Street Advisors, consultants to municipalities issuing and refunding municipal bonds, where he structured municipal bond refundings. In November 1996, he joined Dominion Capital Management, a registered CTA, where he was listed as Principal from December 2001, until his departure in July 2004. At Dominion, he served as Senior Vice President for Information Systems, developing short-term trading system software and automating back office operations. From July 2004 to October 2007, Mr. Owens was a Project Manager at Grant Street Group, a software development firm for government entities and financial institutions, designing and managing the installation of tax collection and billing systems for Florida county tax collectors. He was employed from October 2007 to December 2009 as the Information Systems Director for O'Brien International, LLC, a family wealth management office. From January 2010 to April 2011, Mr. Owens returned to Grant Street Group as an independent consultant, assisting with the management of Grant Street's foreclosure auction website used by Florida county clerks of court. He has been employed at Clarke Capital Management as the Information Technology Director since April, 2011, and was registered as an Associated Person on March 16, 2012 and registered as a principal of Clarke Capital Management on November 6, 2013.


  • Trading Methodology
    99% Systematic
    1% Discretionary
  • Style Sub-Categories
    Trend Following
  • Trading Style
    90% Trend Following
    10% Contrarian
  • Market Allocation

  • Holding Period
    85% Long Term
    10% Medium Term
    5% Short Term
  • Sector
    Global
    Contracts
    Futures

Performance Since January 1998

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov DecROR Max DD
2017 -8.16% -0.81% -7.42% -2.82%   -18.04% -18.04%
2016 0.19% 1.01% -6.01% 0.35% -1.61% 10.48% -1.70% -2.78% -2.46% -4.73% -1.75% -0.25% -9.69% -12.97%
2015 8.89% -4.13% -1.56% -3.43% 0.95% -1.47% 3.32% -2.81% 4.59% -5.11% 3.12% -4.00% -2.62% -10.57%
2014 -1.37% 7.04% -2.64% 2.57% -7.36% -2.60% 0.02% 2.35% 5.36% 7.23% 5.93% 5.92% 23.46% -9.89%
2013 -1.79% -9.83% 1.24% 8.42% -8.86% -1.11% -4.96% -0.70% -4.20% 0.29% -4.68% 1.75% -22.95% -24.28%
2012 -5.78% 7.39% 1.06% 0.89% 46.47% -14.40% 5.18% -3.77% -2.90% -8.79% 0.63% -1.45% 14.99% -23.9%

Years199819992000200120022003
ROR37.02%5.18%42.53%-0.55%34.61%40.67%
Max DD-21.30%-7.82%-4.18%-11.90%-17.50%-18.26%

Years200420052006200720082009
ROR10.49%-13.48%9.69%14.81%95.51%-48.28%
Max DD-10.06%-16.98%-15.76%-16.60%-17.12%-48.28%

Years201020112012201320142015
ROR42.62%4.61%14.99%-22.95%23.46%-2.62%
Max DD-24.54%-19.25%-23.90%-24.28%-9.89%-10.57%

Years20162017 YTD
ROR-9.69%-18.04%
Max DD-12.97%-18.04%


PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. THERE IS A RISK OF LOSS IN FUTURES TRADING.

Program Information
  • Start Date: Jan-1998
  • New Money: Yes
  • Min Investment: $1,000,000
  • Fund Minimum: $0
  • Notional Funds: Yes
  • NFA Member: Yes
  • NFA Number: 0251742
  • Currency: US Dollar
  • AUM:5 $6,800,000
  • Annual CROR:1 : 9.26%
  • Worst Drawdown:2 -60.98 %
  • Losing Streak:3 -47.82 %
  • Sharpe Ratio:4 0.41
  • Calmar Ratio:6 -0.16
  • Margin:7: Avg 15% : Range 7-29%
  • Mgt Fee: 1.80%
  • Incentive Fee: 25.00%
  • Other Fees: None
  • Avg Comm:8 0.00
  • Max Comm:9:
  • Round Turns:10 700
Additional Information
  • Other Memberships:
  • Correlations: AG CTA Index: 0.715 |
  • Track Record Prepared By: Dmaxx

  • Chart
    Chart
  • * By selecting to be contacted by a Representatives Autumn Gold may refer you to a third party broker or directly to the Manager.

    (P) - Proprietary Trading Results (C) - Client Trading Results

    1. Rate of Returns are calculated from the start date of each program. Usually returns are calculated based on the Annual Compounded Rate of Return method. In some cases returns have been calculated on an Non-Compounded basis. This would occur when a Manager trades based on account unit rather than on account equity.

         The Annual Compound Rate of Return ("Annual CROR") represents the compounded rate of return or each year or portion thereof presented. It is computed by applying successively respective monthly rate of return for each month beginning with the first month of that period.

         Annual Rate of Return ("Annual ROR") is calculated adding each month's return.

    2. The Worst Peak-to-Valley Drawdown ("Worst Drawdown") is defined as the greatest cumulative percentage decline in net asset value due to losses sustained by the trading program during any period in which the initial net asset value is not equaled or exceeded by a subsequent asset value.

    3. The Current Losing Streak ("Losing Streak") represents the extent of the Adviso'rs current drawdown.

    4. Sharpe Ratio is a risk adjusted ratio that rewards consistancy of returns. Traders are penalized for volatility regardless of whether it is onthe up or downside. The Sharpe Ratios is calculated using a 1% risk-free rate of return.

    5. Assets Under Management ("AUM") represents the current nominal assets traded by the Manager.

    6. Calmar Ratio represents the historical amount gained for each dollar risked. A higher number is better. Unless otherwise denoted the Calmar Ratio is calculated by dividing the 36 month Compounded ROR by the 36 month Peak to Valley Drawdown. Traders with less than 36 months of data or a negative Calmar Ratio will be indicated by N/A.

    7. Margin to Equity ("Margin") represents the average margin as a percent of a fully funded account.

    8. The Average Commission ("Avg Comm") represents the average commission rate of the composite track record. A higher or lower commission rate would increase or decrease the performance accordingly.

    9. Maximum Commission ("Max Comm") is the Maximum Round Turn Rate allowable by the Manager.

    10. Round Turns per Million ("Round Turns") represent the average number of round turns that would be generated in a $1,000,000 account.

  • RISK DISCLOSURE

    PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS.

    THIS MATTER IS INTENDED AS A SOLICITATION FOR MANAGED FUTURES. THE RISK OF TRADING COMMODITY FUTURES, OPTIONS AND/OR FOREIGN EXCHANGE ('FOREX') IS SUBSTANTIAL. THE HIGH DEGREE OF LEVERAGE ASSOCIATED WITH COMMODITY FUTURES, OPTIONS AND FOREX CAN WORK AGAINST YOU AS WELL AS FOR YOU. THIS HIGH DEGREE OF LEVERAGE CAN RESULT IN SUBSTANTIAL LOSSES, AS WELL AS GAINS. YOU SHOULD THEREFORE CAREFULLY CONSIDER WHETHER SUCH TRADING IS SUITABLE FOR YOU IN LIGHT OF YOUR FINANCIAL CONDITION. IF YOU ARE UNSURE YOU SHOULD SEEK PROFESSIONAL ADVICE. AN INVESTOR MUST READ AND UNDERSTAND THE CTA’S CURRENT DISCLOSURE DOCUMENT BEFORE INVESTING. THERE ARE NO GUARANTEES OF PROFIT NO MATTER WHO IS MANAGING YOUR MONEY.

    PAST PERFORMANCE DOES NOT GUARANTEE FUTURE SUCCESS. IN SOME CASES MANAGED ACCOUNTS ARE CHARGED SUBSTANTIAL COMMISSIONS AND ADVISORY FEES. THOSE ACCOUNTS SUBJECT TO THESE CHARGES, MAY NEED TO MAKE SUBSTANTIAL TRADING PROFITS JUST TO AVOID DEPLETION OF THEIR ASSETS. EACH COMMODITY TRADING ADVISOR ("CTA") IS REQUIRED BY THE COMMODITY FUTURES TRADING COMMISSION ("CFTC") TO ISSUE TO PROSPECTIVE CLIENTS A RISK DISCLOSURE DOCUMENT OUTLINING THESE FEES, CONFLICTS OF INTEREST AND OTHER ASSOCIATED RISKS. A HARD COPY OF THESE RISK DISCLOSURE DOCUMENTS ARE READILY AVAILABLE BY CLICKING ON EACH CTA'S "REQUEST DISCLOSURE DOCUMENT" BUTTON.

    THE FULL RISK OF COMMODITY FUTURES, OPTIONS AND FOREX TRADING CAN NOT BE ADDRESSED IN THIS RISK DISCLOSURE STATEMENT. NO CONSIDERATION TO INVEST SHOULD BE MADE WITHOUT THOROUGHLY READING THE DISCLOSURE DOCUMENT OF EACH OF THE CTAS IN WHICH YOU MAY HAVE AN INTEREST. REQUESTING A DISCLOSURE DOCUMENT PLACES YOU UNDER NO OBLIGATION AND EACH DOCUMENT IS PROVIDED AT NO COST. THE CFTC HAS NOT PASSED UPON THE MERITS OF PARTICIPATING IN ANY OF THE FOLLOWING PROGRAMS NOR ON THE ADEQUACY OR ACCURACY OF THE DISCLOSURE DOCUMENTS. OTHER DISCLOSURE STATEMENTS ARE REQUIRED TO BE PROVIDED TO YOU BEFORE AN ACCOUNT MAY BE OPENED FOR YOU.

    PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. PROSPECTIVE CLIENTS SHOULD NOT BASE THEIR DECISION ON INVESTING IN THIS TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED. ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, PROSPECTIVE CLIENTS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON OR ENTITY MAKING THE TRADING DECISIONS AND THE TERMS OF THE ADVISORY AGREEMENT INCLUDING THE MERITS AND RISKS INVOLVED.

    AUTUMN GOLD CTA INDEXES ARE NON-INVESTABLE INDEXES COMPRISED OF THE CLIENT PERFORMANCE OF CTA PROGRAMS INCLUDED IN THE AUTUMN GOLD DATABASE AND DO NOT REPRESENT THE COMPLETE UNIVERSE OF CTAS. INVESTORS SHOULD NOTE THAT IT IS NOT POSSIBLE TO INVEST IN THESE INDEXES.